secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE CAPITAL CORP (GLAD)
CIK:        0001143513
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001193125-24-014225
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Capital shareholders approve advisory agreement tied to adviser control change
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- Stockholders approved new investment advisory agreement with Gladstone Management Corp. (20.8M for, 0.9M against, 1.1M abstain).
- David Gladstone will deposit his 100% indirect interest in adviser into a voting trust upon approval.
- Voting trust board of five trustees each holds 20% voting power; effective date is earliest of David's death, his election, or one year.
- Senior management of the adviser continues day-to-day operations unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1143513/000119312524014225/0001193125-24-014225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1143513/000119312524014225/d706732d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-014225

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